Given all the ebullience and hard core talk and jawboning of fed officials that the recession is nary over, this action doesn't seem so convincing.
I have my doubts that it's over. I have every bit as confident doubt that the economy is getting better, rather than worse.
I see Goldman wading neck high in the debt-service minefield, and that tells me just about all I really need to know, assuming I didn't pay attention to anything else.
Leveraging desperate borrowers, or charging them to do so with others, is the new money racket for the decade, and Goldman is shifting its entire ground game to this absolutely booming industry of endless possibilities that would never have such potential if the economy wasn't so feeble and likely to remain so for a very, very long time.